Reference no: EM131811510

Question - Transactions

Chalet Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Capital Stock; Retained Earnings; Dividends; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense.

Mar. 1.  Paid rent for the month, $5,200.

Mar. 2. Paid advertising expense, $3,320.

Mar. 5. Paid cash for supplies, $1,420.

Mar. 6. Purchased office equipment on account, $21,800.

Mar. 10. Received cash from customers on account, $7,110.

Mar. 15. Paid creditor on account, $2,090.

Mar. 27. Paid cash for repairs to office equipment, $900.

Mar. 30. Paid telephone bill for the month, $330.

Mar. 31. Fees earned and billed to customers for the month, $47,400.

Mar. 31. Paid electricity bill for the month, $570.

Mar. 31. Paid dividends, $3,600.

Required - Journalize the selected transactions for March 2012.